Caterpillar Inc CAT stock forecast 2012

Caterpillar Inc CAT stock forecast 2012 : Caterpillar Inc., the world’s largest producer of construction and mining equipment, saw its fourth quarter earnings rise per share to $2.32 as compared to $1.47 last year.

The company also made a full year profit forecast that was higher than anything analysts had predicted thanks to the rising demand from the mining sector for shovels and trucks. Caterpillar expects the profits in 2012 to be close to $9.25 per share.


This is based on the fact that as major mining companies around the world spruce up their mining operations Caterpillar has a record $29.8 billion worth backlog of orders at the end of 2011. Its capacity is likely to constrain the sales of the company in 2012. The announcement saw its stocks go up by 2.5% in trading on the New York Stock exchange.

Larry De Maria, a New York-based analyst for William Blair & Co. said that it was a very solid report. He added that it was well ahead of expectations, driven by top-line growth and operational execution. The outlook is especially robust, driven by mining and construction equipment replacement he said.

Chief Financial Officer Ed Rapp said that the balance sheets were in pretty good shape. He added that companies like Caterpillar were more willing to invest product development, additional capacity and making acquisitions. These factors impacted their business.

CEO Doug Oberhelman said that they expected 2012 to be a new sales record at a time when construction activity in the United States and Europe, two large markets for them, were still depressed. He added that their investments in capital expenditures and R&D will certainly add cost in 2012, but it was the right thing to do.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Caterpillar (CAT) stock outlook week january 30 2012

Caterpillar (CAT) stock outlook week january 30 2012 : Caterpillar (CAT) has posted gains of 50% and I still think it's undervalued. The stock is currently trading near resistance and it will be tough for the stock to breakthrough with expectations being so high, at $1.73 a share.

However, I believe it's likely that this stock will breakthrough its resistance and trade much higher after announcing earnings that reflect continued growth of 40% year-over-year.

The company will announce earnings on Thursday and I anticipate significant gains in the days prior to earnings as investors prepare for strong results, therefore it would be wise to load up on shares which will better prepare you for any possible surprises following earnings. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Caterpillar report sales and revenues Second-quarter 2011

Caterpillar report sales and revenues Second-quarter 2011 ; Second-quarter earnings by Caterpillar Inc. were 37 percent higher than last year, the company reported Second-quarter sales and revenues of $14.2 billion were an all-time record, topping last year’s second-quarter total of $10.4 million.

Profit per share was $1.52 in the second quarter of 2011, or $1.72 per share excluding acquisition costs incurred with the recent purchase of Bucyrus, the Milwaukee-based mining firm.

Caterpillar also announced it was raising its 2011 outlook for both sales and revenues and profit — excluding the Bucyrus acquisition. The 2011 sales and revenues outlook is now expected to be in the range of $54 to $56 billion, up from a range of $52 to $54 billion.

Bucyrus is expected to add $2 billion in sales in 2011, reported Caterpillar.

Machinery sales increased more than 30 percent while manufacturing costs increased less than 4 percent, the company noted.

Caterpillar worldwide full-time employment was 108,175 at the end of the second quarter of 2011 compared with 97,487 at the end of the second quarter of 2010, an increase of 10,688 full-time employees.
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